Strategic metals company TNG Limited has signed a nonbinding memorandum of understanding (MoU) with Downer EDI, which may pave the way for the engineering and services provider’s involvement in the development of the Mount Peake project, in the Northern Territory.
The two ASX-listed companies have agreed to work together on identifying opportunities for Downer’s involvement in the vanadium/titanium/iron project, TNG announced on Tuesday.